Egyptian - Iranian commercial discussions

A delegation from the Egyptian company for guaranteeing exports to Tehran is heading soon to finally agree with three Iranian banks on cooperation in the field of guaranteeing Egyptian exports to Tehran.

The head of the company, Saleh El-Din Fahmi, told ArabicNews.com today that the delegation will hold talks with officials in the Milat, Iran Export Bank and Bank Melli Iran concerning this matter, adding that the visit comes according to the desire of Egyptian exporters to market their products in Iran in light of joint economic cooperation especially after the two countries signed in June a commercial agreement for the first in 19 years and after exchanging visits from heads of the industrial unions in the two countries.

Those visits reflect an increase in the volume of commercial exchange, which does not currently exceed $70 million annually.